Pre-auction estimates run $3.4 million to $4.4 million for this 1955 Ferrari 750 Spyder, which goes on the block August 16-17 at the Monterey RM auction. Get all the latest auto industry news in the Executive Briefing. -RM Auctions photo by Robin Adams
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+ Ford has agreed to pay $17 million in a settlement with government regulators for alleged foot-dragging in a throttle-defect recall. More here at Reuters.
+ Cooper-Standard of Novi, Michigan has acquired the automotive sealing business of Ann Arbor-based Jyco Sealing Technology, Inc. More here at Crain’s Detroit Business.
+ General Motors and Toyota led gains in U.S. auto sales in July, which are now on pace for the industry’s best year since 2007. More here at Bloomberg.com.
+ Organizers at the Russian Grand Prix circuit in Sochi have missed a July 31 application deadline to hold a Formula One race in 2014. More here Yahoo! Sport UK.
+ Detroit Diesel will invest $77 million in expansions to its Redford Township, Michigan plant, creating 50 new jobs. More here at The Detroit News.
+ Jaguar plans to unveil a crossover based on the XS sedan at the Frankfort Auto Show next month. More here at The Detroit Bureau.
+ NASCAR and Fox Sports have expanded their broadcast partnership to 16 Sprint Cup races per season and have extended their agreement to 2024. More here at National Speed Sport News.
+ Consignments for the RM Auctions Monterey sale on August 16-17 include a 1955 Ferrari 750 Monza Scaglietti Spider, chassis 0530M, which is estimated to bring up to $4.4 million. More here at Sports Car Digest.
For the previous Executive Briefing from July 29, click here.